According to reports, at noon on November 24, 40,000 people rushed into the live broadcast of La Chapelle’s Taobao flagship store, watching the live broadcast room to “pick up discounted goods.”
It is reported that the live broadcast room of La Chapelle Taobao flagship store provides some discounts, including as low as 25% off for combined orders, 15% off for 3 items, etc. It also provides some coupons that can be used up to a certain amount. Suning’s La Chapelle flagship store also launched a limited-time direct discount event on new products, releasing a large coupon of 600 off for purchases over 700.
Data shows that the number of live broadcast views of La Chapelle Taobao flagship store on November 24 was 210,300, and the number of live broadcast views of La Chapelle Taobao flagship store on November 25 reached 405,400, while the number of views in most previous sessions did not exceed 100,000.
During the live broadcast, a netizen seemed to have mentioned the issue of the company being bankrupt and liquidated, and the anchor replied that “there is still a lot of uncertainty.”
Netizens are teasing that La Chapelle may not have to go bankrupt now.
“I made a lot of money by clearing stocks, but ended up going bankrupt.”
“It feels like I’ve gotten my money back hahaha.”
“Now there is no need for liquidation and bankruptcy.”
“It will be announced in a few days that it will not go bankrupt. There is a brand like this.”
Supplier: Almost bankrupt
According to CCTV Financial Report, La Chapelle issued an announcement on November 23, stating that the company had applied for bankruptcy liquidation by creditors.
It is reported that La Chapelle is currently facing a large debt burden and operating pressure. As of September 30, 2021, La Chapelle’s net assets attributable to shareholders of the listed company were approximately -896 million yuan; in the first three quarters of 2021, the company’s net profit attributable to the parent company was a loss of 289 million yuan.
According to regulations, bankruptcy cases of listed companies should generally be accepted by the Intermediate People’s Court and must be approved by the China Securities Regulatory Commission and the provincial people’s government where the listed company is located. If the relevant court ultimately accepts the company’s bankruptcy liquidation application and the company is declared bankrupt by the court, La Chapelle’s A shares will face the risk of being terminated from listing.
As of the close of trading on November 25, *ST Rasha’s share price was 2.22 yuan, a decrease of 5.13%. The total market value was only 1.232 billion yuan, which has fallen by more than 90% from its peak market value.
“I have already appealed. You should have reported it two years ago. What’s the use of asking now? They are all going to close the stall!” Chen Shenghua, the person in charge of Dongguan Municipal Hong Weaving Co., Ltd., a supplier that La Chapelle defaulted on payment for, was angry. told reporters.
Chen Shenghua didn’t even want to mention how much money he was owed, but there were many suppliers like them. Chen Xuyuan, the owner of the Miaoquan Lao Chen Sofa Factory in Guli Town, Changshu City, said frankly, “La Chapelle is in arrears and will let them do it.” Go bankrupt.”
On the evening of November 22, La Chapelle issued an announcement stating that the company had been filed for bankruptcy liquidation by its creditors. According to La Chapelle’s third quarter financial report, La Chapelle’s current net assets are -879 million yuan and she is already insolvent. Therefore, creditors believe that the company can no longer pay off its due debts and lacks the corresponding repayment ability.
On the morning of the 24th, “La Chapelle was filed for bankruptcy liquidation” ranked first in the hot search.
La Chapelle said, “A company’s bankruptcy cases should generally be under the jurisdiction of the Intermediate People’s Court. The applicant applied to the New District Court (basic People’s Court) for company bankruptcy liquidation, and his request did not comply with the relevant legal procedures.”
La Chapelle also stated that it has not received any ruling from the court regarding this bankruptcy liquidation, and will promptly submit an objection application to the bankruptcy liquidation to the New District Court, and will continue to actively communicate with creditors, courts, etc., and strive to eliminate the negative impact as soon as possible , try our best to safeguard the interests of the company, shareholders, especially small and medium shareholders.
La Chapelle’s large suppliers can also apply to the court for bankruptcy liquidation, but more are small suppliers who may not have priority in receiving repayments.
“It’s tragic. We are just a very small factory, and now we have been bankrupted by La Chapelle.” On November 24, *ST La Chapelle’s supplier, Miaoquan Laochen Sofa Factory, Guli Town, Changshu City (hereinafter referred to as ” Chen Xuyuan, the owner of Sofa Factory”, sighed sadly.
According to Chen Xuyuan, the sofa factoryPreviously, he helped La Chapelle manufacture custom sofas for use in stores. The order payment is about 400,000 yuan, but La Chapelle has been in arrears with the payment for more than two years and is still “defaulting” to this day.
There are many small suppliers who have suffered the same fate as Chen Xuyuan.
“We also went to their Shanghai headquarters to get the money back. On Lianhua South Road in Minhang District, we saw many suppliers blocking the gate and refusing to let the company’s people leave. Manager Huang won’t answer my calls now and will probably leave too. That’s it.” Chen Xuyuan said, “In the end, they didn’t even want the goods and asked us to sell them cheaper, but those sofa styles are generally not used by ordinary people, so they can’t be sold.”
Until now, the custom-made sofas ordered by La Chapelle are still piled in the warehouse of the sofa factory, gathering dust.
A total of 144 bank accounts have been frozen
According to previous reports, as of the end of October this year due to the company’s involvement in litigation cases, a total of 144 bank accounts under the company had been frozen, the equity of 17 subsidiaries had been frozen, and 4 real estate properties with a total value of approximately 1.704 billion yuan had been seized.
Among them, 144 bank accounts have been frozen with a total amount of approximately 126 million yuan, including a special account for A-share raised funds of 438,200 yuan and a special account for H-share raised funds of 2,404.59 yuan; the equity of 17 subsidiaries has been frozen, involving the amount of case execution A total of approximately 673 million yuan.
In this regard, La Chapelle stated in the announcement that matters involving litigation and asset freezing have generally had a certain impact on the company’s capital turnover and operation management. It is not ruled out that other assets of the company may be frozen in the future. And because the company has accumulated a high amount of litigation, it may lead to a decline in the company’s financing capabilities and aggravate the company’s financial stress.
Public information shows that Xinjiang La Chapelle Clothing Co., Ltd. was established in March 2001 with a registered capital of 548 million yuan and its legal representative is Wu Jinying. Its business scope includes corporate image planning consulting and is engaged in the fields of clothing technology, new material technology, and computer networks. Technology development, technology transfer, technical consulting, technical services, etc.
According to Qichacha, La Chapelle has been involved in hundreds of judicial risks, with a cumulative amount of execution exceeding 670 million yuan and an unexecuted amount exceeding 450 million yuan. She has been listed as a person subject to execution for dishonesty many times.
On the evening of November 16, La Chapelle disclosed an announcement showing that it had received a decision on corrective measures from the Xinjiang Supervision Bureau of the China Securities Regulatory Commission. The content shows that the Xinjiang Securities Regulatory Bureau has conducted on-site inspections of La Chapelle since September 2021. The inspection found that it has multiple problems in three aspects, specifically involving corporate governance, information disclosure, accounting and annual report preparation.
In addition, Xing Jiaxing, the company’s former controlling shareholder and actual controller, was “warned” by the Xinjiang Securities Regulatory Bureau for misappropriating 9.5 million yuan of the company’s funds to repay Shanghai Hexia Investment Co., Ltd.’s external loans, and recorded it in the securities market Integrity File.
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